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CIMAPRA17-BA3-1 Exam - Topic 1 Question 8 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 8
Topic #: 1

[All CIMAPRA17-BA3-1 Questions]

Which of the following is an error of principle?

AUsing the wrong amount when recording a transaction

BRecording a transaction in the wrong type of account

CA transaction recorded twice in the ledger accounts

DRecording a transaction in the wrong ledger account

Show Suggested Answer

Suggested Answer: B

by Dick at May 09, 2022, 03:22 PM

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Kimberely

10 months ago

B is the classic example of an error of principle, no doubt!

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Sherita

10 months ago

Really? I thought using the wrong amount was worse!

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Melita

11 months ago

Wait, isn't C also a big deal?

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Janey

11 months ago

I think D is more of a principle error, not B.

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Arlette

11 months ago

Definitely B, that's a fundamental principle error.

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Gerald

11 months ago

I'm a bit unsure about this one. The options all seem important, so it's hard for me to determine which two are truly optional. I'll need to re-read the question and model carefully.

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Delmy

11 months ago

I practiced this a lot, and I think option C is wrong because I don't recall needing the "-f" flag just for executing a playbook.

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Theodora

11 months ago

If I recall correctly, for held-for-trading investments, the gains and losses go through profit or loss, right? So that might point us towards options A or C.

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